Heard a great piece this morning on NPR. The story centered around the financial troubles experienced by some members of military. Its not a surprise that many members of armed forces have been sent on extended deployment, a state of affairs that has strained family and individual budgets. To make ends meet, many service members have turned to payday lenders who typically charge excessive interest rates, causing some soldiers and sailors to loose their security clearances.

Apparently the Feds have passed a law regulating the amount of interest that can be charged to military personnel.

As a bit of a pre-script, NPR covered this ongoing problem a few months ago.

Check out the story if you’ve got a few spare moments!

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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